28,491 Shares in The Travelers Companies, Inc. $TRV Purchased by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 3rd quarter, Holdings Channel reports. The firm bought 28,491 shares of the insurance provider’s stock, valued at approximately $7,955,000. Travelers Companies makes up 2.4% of Peregrine Asset Advisers Inc.’s investment portfolio, making the stock its 7th biggest position.

Several other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in Travelers Companies in the 2nd quarter valued at approximately $815,013,000. JPMorgan Chase & Co. grew its holdings in Travelers Companies by 10.9% in the second quarter. JPMorgan Chase & Co. now owns 7,626,750 shares of the insurance provider’s stock valued at $2,040,475,000 after purchasing an additional 751,715 shares during the last quarter. AustralianSuper Pty Ltd purchased a new position in shares of Travelers Companies in the third quarter valued at $125,597,000. Rakuten Investment Management Inc. acquired a new position in shares of Travelers Companies during the 3rd quarter worth $112,051,000. Finally, Nordea Investment Management AB boosted its position in shares of Travelers Companies by 1,641.3% in the 3rd quarter. Nordea Investment Management AB now owns 379,480 shares of the insurance provider’s stock worth $105,537,000 after buying an additional 357,687 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Activity at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 1,803 shares of Travelers Companies stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $289.55, for a total value of $522,058.65. Following the transaction, the insider owned 255,086 shares in the company, valued at $73,860,151.30. This trade represents a 0.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Daniel S. Frey sold 25,000 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the sale, the chief financial officer directly owned 26,932 shares of the company’s stock, valued at $7,493,829. This represents a 48.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 54,435 shares of company stock valued at $15,366,736 over the last three months. Insiders own 1.46% of the company’s stock.

Travelers Companies Trading Up 0.9%

Shares of Travelers Companies stock opened at $288.24 on Wednesday. The Travelers Companies, Inc. has a fifty-two week low of $230.43 and a fifty-two week high of $296.85. The business’s fifty day moving average is $284.56 and its two-hundred day moving average is $277.27. The company has a quick ratio of 0.35, a current ratio of 0.33 and a debt-to-equity ratio of 0.28. The firm has a market cap of $64.29 billion, a PE ratio of 10.47, a P/E/G ratio of 2.65 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, January 21st. The insurance provider reported $11.13 EPS for the quarter, beating the consensus estimate of $8.34 by $2.79. Travelers Companies had a return on equity of 20.70% and a net margin of 12.88%.The firm had revenue of $12.43 billion during the quarter, compared to analyst estimates of $11.13 billion. During the same period in the prior year, the firm posted $9.15 earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. Analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies announced that its board has initiated a share buyback plan on Wednesday, January 21st that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the insurance provider to reacquire up to 8.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, March 10th. Travelers Companies’s dividend payout ratio is presently 15.98%.

Analyst Upgrades and Downgrades

TRV has been the subject of a number of research reports. Wells Fargo & Company cut their target price on shares of Travelers Companies from $307.00 to $285.00 and set an “equal weight” rating for the company in a research report on Thursday, January 22nd. Mizuho cut their price objective on Travelers Companies from $315.00 to $304.00 and set a “neutral” rating for the company in a research report on Thursday, January 22nd. Evercore ISI upped their target price on Travelers Companies from $309.00 to $317.00 and gave the company an “outperform” rating in a research note on Wednesday, January 7th. UBS Group reissued a “neutral” rating on shares of Travelers Companies in a research report on Monday. Finally, Wall Street Zen downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $303.00.

Travelers Companies Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.